Inforum, or Interindustry Forecasting at the University of Maryland, was founded nearly 50 years ago by Dr. Clopper Almon, now Professor Emeritus of the University. It is dedicated to improving business planning, government policy analysis, and the general understanding of the economic environment. Inforum accomplishes this mission through:

• Building and using structural economic models of U.S. and other economies. Inforum pioneered the construction of dynamic interindustry-macroeconomic models that portray the economy in a unique "bottom-up" fashion.

• Working with government and private sector research sponsors to investigate a variety of issues. Economic projections and analysis using Inforum econometric models are distinguished by detail at the industrial and product level.

• Serving as a training crucible for University of Maryland graduate and undergraduate students who receive valuable training in empirical economics. Indeed, Inforum graduate research assistants have completed over 40 Ph.D. dissertations, most of which have contributed directly to the infrastructure of Inforum.

• Maintaining active and productive ties with a world-wide network of research associates, each of which uses Inforum modeling methods and software. The Inforum partners have held annual conferences since 1993 to foster cooperation and development of economic knowledge and techniques.

Since its founding in 1967 by Dr. Clopper Almon, Inforum has served government agencies and private sector entities interested in economic analysis facilitated by Inforum's approach. In particular, Interindustry-Macroeconomic (IM) models combine input-output structure with econometric equations in a dynamic and detailed framework. Because of their ability to portray the detailed structure of economies over actual time periods, these models fill an important gap in the inventory of existing models of the U.S. and foreign economies. In addition to forecasting, the models often are used to answer "what if" questions about the impact across industries of fluctuation in the macroeconomic environment, such as changes in exchange rate or tax policy.

Economic Impacts of Reinvesting in America's Infrastructure Systems January 25, 2019 - Inforum partnered with Business Roundtable to examine the effects of infrastructure investment on the economy. The study was conducted using the Inforum Lift model. The policy scenario includes investing $737 billion over 10 years. The study shows that increased infrastructure investment boosts labor productivity, job growth, and wages.
The Economic Impact of Curbing the Optional Practical Training Program December 17, 2018 - Inforum worked with Business Roundtable to estimate the economic impacts of scaling back the Optional Practical Training (OPT) Program. OPT offers temporary employment authorization to international students in the United States, allowing eligible students and recent graduates to gain valuable work experience in their field of study.
2018 Inforum Outlook Conference December 6, 2018 - Inforum held its 51st annual outlook conference at the University of Maryland. In addition to the U.S. economic outlook, topics included labor participation, effects of the Tax Cut and Jobs Act, trade wars, and space economics.
The Supply Side of Health Care April 15, 2014 - A common assertion is that health care is over one-sixth of the economy, but this claim is based only on a measure of health care demand. Our work reconciles information about the supply and demand sides by linking the National Health Expenditure Accounts to domestic production and imports, value added, and employment.
A complete listing of recent news is available.

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